SIA Granīts has successfully acquired 100% of AS Mārupes Metālmeistars, enhancing its market position and growth potential in the metal processing sector.
Target Company Overview
AS Mārupes Metālmeistars is a leading metal processing company in Latvia, specializing in the production of metal roofing and structural profiles. With over 20 years of experience, the company caters to both residential and industrial construction sectors. The company's recent transaction involved selling 100% of its shares to strategic investor SIA Granīts, with the existing shareholders successfully exiting their investment.
The acquisition marks a significant milestone for Mārupes Metālmeistars, which has received growth capital from ZGI Capital's ZGI-3 fund, supported by additional funding from ALTUM, in 2015 and 2016. Since the investment, the company has tripled its revenue and enhanced its profitability metrics by acquiring new production equipment, increasing manufacturing capacity, and expanding its workforce.
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Industry Overview in Latvia
The metal processing industry in Latvia has shown steady growth over the past decade, driven by increased construction activities and infrastructure developments. Latv
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